Question

The City of Abernethy has three large bridges built in the later part of the 1980s that were not capitalized at the time. In creating government-wide financial statements, the city’s accountant is interested in receiving suggestions as to how to determine a valid amount to report currently for these bridges.

Required
Use a copy of GASB Statement 34 as the basis for writing a report to this accountant to indicate various ways to make this calculation. Use examples that will help illustrate the process.



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  • CreatedOctober 04, 2014
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